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Stock Market & Financial Investment News

News Breaks
August 7, 2014
08:44 EDTCALIChina Auto Logistics partners with auto dealer to expand imported auto business
China Auto Logistics has signed a twenty year Strategic Cooperation Agreement with a leading leasing and development company for China's auto dealers, aimed at jointly developing an e-commerce based high-end imported auto sales and related services business in China, supported by a chain of auto malls to be built or acquired throughout the country. The decision to move ahead was boosted by the recent announcement by China's State Administration for Industry and Commerce of new policies to regulate the distribution of imported vehicles in China, essentially freeing them up to sell any brand of imported cars they desire.
News For CALI From The Last 14 Days
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October 22, 2014
07:44 EDTCALIChina Auto Logistics notified not in compliance with Nasdaq requirements
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October 15, 2014
07:46 EDTCALIChina Auto Logistics global lock notice suspended by DTC pending review
China Auto Logistics reported that the Depository Trust Company, or DTC, has suspended the notice of global lock described in its July 16 letter to CALI. DTC stated to the company that it is continuing to consider the issues raised in the July 16th letter and will be in contact with the company once consideration of the matter has been completed. DTC noted further, however, that should it determine to proceed pursuant to the July 16 letter, it will first issue notice to CALI and CALI will have the same rights to object as set forth in the July 16 letter. Tong Shiping, Chairman and CEO of CALI commented, "We are appreciative of this latest decision by DTC and will continue to press our case before them which we believe is in the best interests of our shareholders."

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